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Ahead of Plug Power Earnings, Here's What Barchart Data Says Comes Next for PLUG Stock
['Wajeeh Khan', 'Mon', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
Quarterly Report by SkazovD via ShutterstockPlug Power (PLUG) shares have inched higher ahead of the company's second-quarter results scheduled for release today, Aug. 10, after market close.
More News from BarchartHeading into the quarterly print, Plug Power stock is down about 50% versus its year-to-date high.
Where Options Data Suggests Plug Power Stock Is HeadedAccording to Barchart, the derivatives market believes PLUG shares are poised for continued gains after the Q2 release late on Monday.
And the upper price on those contracts is set at $2.46, signaling Plug Power could rally nearly 13% through the end of this week.
While the consensus rating on Plug Power remains at "Hold" only, the mean price target of $3.54 signals potential upside of more than 60% from here.